Artwork for podcast AgTech Digest
Silal, Bayer, AgroLiquid, Monty’s Plant Food Company, Agri Spray Drones, EAVision, BioConsortia, H&T, Muddy Machines, Fox Robotics, BrightFarms, Syngenta, Enko, Bolschare, Meristem, BioSafe Systems, Terradot, AgriRobot, Fotenix.- This Week in AgTech
Episode 3013th December 2024 • AgTech Digest • AgTech Media Group
00:00:00 00:12:39

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Welcome back, listeners! In today’s episode, we’ll dive into the latest strides in AgTech, featuring groundbreaking partnerships in sustainable farming, new funding fueling carbon removal and autonomous farming, and innovations enhancing crop protection and precision agriculture. Let’s get started!

Here’s a Quick Snapshot of What’s Making Headlines:

  1. Innovative Partnerships and Acquisitions: Silal, Bayer, AgroLiquid, and More
  2. Inside Indoor Farming: Reflecting On 2024, Preparing For 2025
  3. Advancements in AgTech: BrightFarms, Syngenta, Bolschare, and More
  4. Funding Milestones: Terradot, AgriRobot, and Fotenix Drive AgTech Forward
  5. Spotlight on AgTech Innovations: Ninjacart, EIB Group, Cultivator, and More
  6. Upcoming AgTech Events, Conferences & Webinars

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Transcripts

Anna:

Welcome to another episode of AgTech Digest, your go-to source for the latest in agricultural technology. In today's episode, we’re diving into the latest developments shaping the future of agriculture. We’ll explore advancements in desert farming solutions, cutting-edge microbial treatments, and autonomous systems designed to tackle labor shortages. Significant funding rounds are boosting innovation in carbon removal and AI-driven crop health tools, while new product launches are transforming nutrient efficiency and pest management practices. There's a lot to cover, so let's get started!

Anna:

Strategic partnerships and acquisitions are driving innovation and efficiency across the agricultural sector, with companies making significant strides toward sustainability and technological advancement. Silal and Bayer signed an MoU to enhance agricultural innovation in arid environments. Key initiatives include developing digital farming solutions, establishing a sustainable farming demonstration site, capacity building through the BayG.A.P program, and conducting vegetable seed trials in desert conditions. This partnership addresses climate challenges and promotes sustainable agricultural innovation in the UAE. “This partnership is critical to our mission of advancing UAE’s agricultural sector sustainably,” said Salmeen Al Ameri, CEO of Silal. Hugo Hagen, Bayer Representative, added, “Together, we can realize ‘Health for all, Hunger for none’ while tackling climate challenges.” Meanwhile, AgroLiquid acquired Monty’s Plant Food Company, combining expertise in nutrient solutions and soil health technologies. The acquisition aims to develop advanced crop nutrition technologies and optimize nutrient efficiency for growers. Both brands will operate independently through 2025, ensuring continuity while addressing grower needs for sustainable and efficient nutrient management solutions. In another development, Agri Spray Drones partnered with EAVision to introduce the J100 drone to U.S. farmers. The drone features built-in lidar technology, advanced mist nozzles for precise spraying, and is designed for challenging terrain. With drones contributing over $80M to rural economies, these advanced solutions are essential in addressing market challenges. Additionally, BioConsortia and H&T launched FixiN 33 in New Zealand, a microbial seed treatment that converts atmospheric nitrogen into plant-usable forms. FixiN 33 reduces reliance on synthetic fertilizers, remains stable for over two years on seeds, and complies with New Zealand’s regulatory standards for gene-edited organisms. The product provides economic and environmental benefits, supporting sustainable farming practices. Finally, Muddy Machines acquired Fox Robotics’ intellectual property, rebranding its logistics platform as Squirrel. These electric robots improve the efficiency of transporting goods on farms and address labor challenges in horticulture. These advancements underscore the agricultural industry’s commitment to fostering innovation, sustainability, and productivity.

Anna:

In this week's editorial, Indoor farming saw a turnaround in 2024, with funding rebounding from $104.6M in 2023 to $582.5M in 2024. The rebound is due to renewed confidence in the sector’s potential and a shift in investor focus toward profitability, resilience, and disciplined growth. Historically, funding peaked in 2021 at $2.92B amid a venture capital boom and low interest rates. However, in 2023, funding sharply declined due to market corrections and economic conditions. Key developments in 2024 include a recovery in funding levels, market consolidation with fewer but stronger players, and increased climate-driven investment in controlled environment agriculture (CEA). This matters because the sector is adapting with scalable business models and sound financial strategies, positioning itself to address global food security and climate resilience challenges.

Anna:

Several exciting developments in AgTech are shaping the future of agriculture. First, BrightFarms launched a 1.5M sq ft greenhouse in Lorena, Texas, expanding its fresh, locally grown leafy greens to the South Central and Southwest regions. The facility will create over two hundred and fifty jobs with competitive benefits and utilizes state-of-the-art cooling systems to ensure optimal growing conditions and it Operates under Cox Enterprises, North America’s largest greenhouse operator. This marks BrightFarms' commitment to controlled environment agriculture, addressing local food security and economic development. Next, Syngenta and Enko reached a milestone in their herbicide collaboration, advancing their efforts to tackle resistant weeds like Palmer amaranth and blackgrass. Their ENKOMPASS platform accelerates the discovery of safe, effective solutions, focusing on enhancing yields while reducing environmental impact, aligning with global efforts to combat yield losses from herbicide-resistant weeds sustainably. Meanwhile, Bolschare unveiled Arima, a certified agricultural calculator for environmental impact at the World Agri Tech Summit. Arima tracks CO2 emissions across Scopes 1, 2, and 3 of the GHG Protocol and offers real-time monitoring with tools like Field Notebook and Digital Twin. The platform’s valuation exceeds 2 billion euros, supporting the growing demand for integrating sustainability into agricultural operations globally. In product innovation, Meristem introduced the HOPPER THROTTLE MAXSTAX Soybean System, a seed treatment system using BIO-CAPSULE Technology for efficient crop input delivery. This system treats 40 acres per pail without the need for specialized equipment and offers protection against seedcorn maggots, phytophthora, and sudden death syndrome, providing soybean growers with an innovative, cost-effective alternative to conventional liquid treatments. Lastly, BioSafe Systems received approval from California DPR for a label amendment on OxiDate 5.0, removing the “toxic to bees” warnings under Environmental Hazards. The updated product ensures compatibility with bee safety while controlling diseases like brown rot and bacterial blight. It also supports IPM programs for various crops, strengthening grower confidence in balancing pest management with pollinator health.

Anna:

This week’s funding highlights reflect significant advancements in carbon removal, autonomous farming, and AI-driven agricultural solutions. First, Terradot raised $58.2M in funding from Google, Microsoft, and John Doerr to scale its Enhanced Rock Weathering (ERW) projects. The key initiative involves spreading crushed rock over farmland to bind CO₂ into stable mineral forms, with a partnership with Google aimed at removing two hundred thousand tonnes of CO₂ by 2029. ERW projects are already underway in Brazil, utilizing tropical soils and clean energy. This development positions ERW as a critical solution for gigaton-scale carbon removal, essential for tackling climate change. James Kanoff, CEO of Terradot, emphasized, "ERW could remove billions of tons of CO₂ this decade." In the autonomous farming space, AgriRobot secured €2.5 M t to scale its certifiable safety software for fully autonomous agricultural operations. This software ensures the safe operation of autonomous tractors and robots and supports scalability from semi-autonomous to fully autonomous systems while adhering to stringent safety standards. The advancement of such safety software is crucial for the broader adoption of autonomous farming technologies, boosting both efficiency and sustainability in agriculture. Meanwhile, Fotenix received a six-figure equity investment from River Capital’s fund:AI to enhance its AI-based crop disease detection tools. Fotenix uses AI Digital Twin software and multispectral cameras for high-accuracy disease detection, a technology already in use by major UK supermarkets. This investment will accelerate product development and sales, addressing labor shortages and promoting sustainability in horticultural sectors, while supporting improved crop production.

Anna:

This week’s spotlight on AgTech features key initiatives and events from several prominent players in the sector. First, Ninjacart launched its Agri-Tech Startup Program to support early-stage FoodTech and AgTech startups. The program is open to startups founded after 2020, with up to $1M in funding, operating outside India, and focused on food supply chain innovation. In Europe, the EIB Group unveiled a 3 billion euro financing package for agriculture and the bioeconomy, aimed at supporting SMEs and mid-cap companies over the next three years. Initial loans are expected in the first half of 2025, focusing on soil health, digital tools, water management, climate resilience, and sustainable farming practices. Moving on, Cultivator’s AGTECH ACCELERATOR has opened recruitment for its 4th cohort, with applications due by January 3rd, 2025. The program finale will now take place at Ag in Motion, Western Canada’s largest outdoor farm expo, running July 14th to 17th, 2025. Additionally, the World Agri-Tech Innovation Summit in Dubai showcased the region’s potential, hosting 14 start-ups, with over 300 delegates, 76 speakers, and attendees from 37 countries. Discussions focused on climate-resilient agriculture, including crop science, water scarcity, soil health, regenerative practices, and digitized seed management. Finally, Rotor Technologies demonstrated its Sprayhawk at Perot Field Alliance Airport with a live flight test. The company also announced a retrofit package for Robinson R44 aircraft, a partnership with AG-NAV for precision navigation, and pricing details for 2025 models.

Anna:

Looking ahead to upcoming industry events, mark your calendars for the 2nd International Conference on Controlled Environment Agriculture (CEA) that will take place on February 25th, 2025, in Plymouth, UK. Next, World Agri-Tech San Francisco 2025 will be held, showcasing cutting-edge innovations and providing a platform for leaders in the sector to exchange ideas and collaborate. Finally, the Indoor Ag Con will take place in Las Vegas, USA, on March 11th to 12th, 2025, bringing together experts to discuss the future of indoor agriculture and the technologies transforming the industry.

Anna:

That wraps up today's episode of AgTech Digest. We’ve explored a range of exciting advancements in agricultural technology, from new greenhouse facilities and enhanced carbon removal projects to breakthroughs in herbicide innovation and seed treatment systems. Key highlights include funding for scaling carbon removal technologies, innovations in autonomous farming safety, and AI-powered solutions for crop disease detection. With strong investment in controlled environment agriculture, digital tools for sustainability, and new solutions for climate resilience, the future of farming is becoming more efficient, sustainable, and tech-driven. Thanks for joining me, I'm Anna, signing off. Stay inspired and keep pushing the boundaries of what's possible!

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